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MULTIPURPOSE FORM STUDENT LOANS OF NORTH DAKOTA SFN 3871 01-2009 Borrower Name Borrower Social Security Number Student Name Student Social Security Number School Name School Code Lender Name Lender Code Verification Enrollment Anticipated Graduation Date mm/dd/yyyy Half-Time Full-Time Please check all that apply.
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What is form 3871?
Form 3871 is a document used by the Internal Revenue Service (IRS) in the United States to report information regarding the cancellation of debt.
Who is required to file form 3871?
Form 3871 is typically filed by individuals, businesses, and other entities that have had their debts canceled or forgiven and need to report it to the IRS.
How to fill out form 3871?
To fill out form 3871, you will need to provide your identification information, details about the canceled debt, and calculate the amount of canceled debt to report on the form. It is recommended to consult the instructions provided by the IRS for specific guidance on filling out the form.
What is the purpose of form 3871?
The purpose of form 3871 is to report the canceled debt to the IRS, as it may have tax implications. This form helps the IRS track and verify the amount of canceled debt for tax purposes.
What information must be reported on form 3871?
Form 3871 requires information such as the taxpayer's name, address, Social Security number or Employer Identification Number, and the details of the canceled debt, including the creditor's name, amount canceled, and the reason for the cancellation.
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